Trading_Jazz

The Butterfly Pattern // Educational ®

FX:EURUSD   Euro Fx/U.S. Dollar
By LARRY PESAVENTO & LESLIE JOUFLAS

HISTORY OF THE BUTTERFLY PATTERN:

Bryce Gilmore

Bryce has spent a lifetime studying the works of the great masters—R.N. Elliott , W.D. Gann , and many others.
He developed the Wave Trader Program in 1988; it was the first computer program to use all the numbers of sacred geometry, including the Fibonacci summation series. This pioneering led to the discovery of the Butterfly pattern .

Almost two decades and thousands of Butterfly patterns later, it can be said that it is one of the most profitable trading patterns with the proper use of stop-loss orders.

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